Four p s of marketing

Blaze destroys houses at Cai Rang floating marketThe Saigon Times Daily Local firefighters extinguish a fire which broke out at noon today, November 8, at Cai Rang floating market in Can Tho City - PHOTO: VNA HCMC – A blaze broke out at the Cai Rang floating market today, destroying five houses and a boat in Can Tho City’s Cai Rang District, and causing a panic, as some sought to escape the blaze, news website Vietnamnet reported. The fire broke out at around 11 a.m. today, November 8, at a block of houses located at the floating market, which is a popular tourist venue, and spread rapidly. Officials noted that the elderly, children and property were quickly moved to safety by local residents, adding that boats and ships operating on the river remained far from the flames. Consequently, no injuries were reported, though a boat and some homes were destroyed, according to local officials. Four fire trucks brought firefighters to the scene, and the flames were … [Read more...] about Blaze destroys houses at Cai Rang floating market

U.S. stock futures took a knock as well, with E-Minis for S&P 500 ESc1 and the Dow Minis both down 0.2 percent. U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports, and warned of tariffs on more goods if China took any retaliatory action. Trump spared smart watches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats. “The announcement dashes hopes of any trade negotiations between two rivals. Be prepared for a prolonged period of risk-off,” analysts at ING said in a note. “Although the levy saw a lower rate, it could foment a response from China who had previously threatened to walk away from the negotiating table,” it said. Chinese Vice Premier Liu He is set to convene a meeting in Beijing on Tuesday morning to discuss the government’s response, Bloomberg News reported, citing a person briefed on the matter. MSCI's broadest index of Asia-Pacific shares … [Read more...] about U.S. stock futures, Asian shares slip as Trump puts new tariffs on China

An investor trace market fluctuations at the trading floor of Tan Viet Securities Joint Stock Company in Ha Noi. — VNS Photo Doan Tung Despite the effects of global market volatility, Vietnamese stock market is forecast to remain positive this week thanks to improved liquidity and the return of cash flow together with positive listed companies’ earnings prospects. The benchmark VN-Index on the HCM Stock Exchange gained 0.63 per cent to close Friday at 959.60 points, totaling a two-day increase of 0.7 per cent. The HNX Index on the Ha Noi Stock Exchange added 0.56 per cent to end Friday at 106.24 points. It has risen a total of 0.94 per cent in the last two sessions. The increases of the last two days helped the VN-Index finish 2.57 per cent higher and the HNX Index increased 0.52 per cent on a weekly basis. An average of more than 249 million shares, worth VND4 trillion, was traded in each session last week. According to market expert Ngo Quoc Hung at MB Securities Joint … [Read more...] about Market to gain despite global uncertainty

The tech company’s stock jumped 2.9 percent to end the day at $207.39, giving it a market capitalization of $1.002 trillion. During the session, Apple’s stock market value reached as much as $1.006 trillion. Apple has rallied about 9 percent since Tuesday, when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares. It was Apple’s best-two-day run since April 2014. Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries. Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce. Apple’s stock market value is greater than the combined capitalization of Exxon Mobil, Procter & Gamble and AT&T. It now accounts for 4 percent of the S&P 500. The Silicon Valley stalwart’s stock has surged more than 50,000 percent since its 1980 initial public … [Read more...] about Apple breaches $1 trillion stock market valuation

The trend of eating durians for cheap without the seeds, which began in the Mekong Delta and the Central Highlands, has now come to Saigon. A long line of people craving the fruit is a familiar scene every afternoon on Su Van Hanh Street in District 10. The price tag for durians here ranges from VND30,000 to 40,000 ($1.30-1.72) per kilogram. Sales start at 1 p.m. Returning the seeds is compulsory. People can take the durian home, but have to make a refundable deposit of 30 percent of the bill. The deposit is returned once the seeds are. “The demand for durian seeds is very high this year and the price for a kilogram is four times higher than last year, from VND30,000 to 120,000. So we use this way to collect the seeds and grow durians for our next season,” said Le Hong Long, the shop owner. About 500 kilograms of durian are transported from Dak Lak, Lam Dong and Dak Nong Provinces in the Central Highlands to this shop in Saigon every day and they are sold out in just one … [Read more...] about The seeds of a new business sprouts to Saigon

Second-quarter and half-year earnings reports, as well as annual shareholder meetings, may be driving factors for a recovery of Vietnamese shares in June, starting this week.-VNA/VNS Photo After tumbling in the first trading session last Monday, the VN Index recovered strongly in three of the following four sessions to post a weekly growth of 3 per cent, marking its first gaining week after two weeks of losses. Last Friday, the minor HNX Index on the Ha Noi Stock Exchange advanced 0.73 per cent to end last week at 115.75 points, up 3.62 per cent after two sessions. The northern market index rose 1.1 per cent from the previous week’s ending level. An average of more than 238.2 million shares were traded in each session last week, worth VND6.3 trillion (US$280 million), up 22.7 per cent in volume and 20.5 per cent in value, compared to the previous trading week. Last week’s recovery of local stocks was attributed to strong growth of financial-banking industries, which … [Read more...] about VN market boost ahead of earnings reports

Asian shares extended their recovery on Tuesday, hitting a three-week high as U.S. borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell's highly-anticipated first congressional testimony later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, building on its bounce from a two-month low touched on Feb 9. Japan's Nikkei rose 1.0 percent to three-week highs. On Wall Street, the S&P 500 advanced 1.18 percent on Monday helped by fall in U.S. bond yields. The 10-year U.S. Treasuries yield eased to 2.864 percent, dropping further from its four-year peak of 2.957 percent touched on Feb 21, driven by month-end buying as well as position adjustments ahead of Powell's testimony. Powell's debut appearance is seen as critical for financial markets at a time when many investors are nervous about the Fed's policy normalisation following years of stimulus after the financial crisis almost a decade ago. Many expect the Fed to raise … [Read more...] about Asian shares rise to 3-week high ahead of Powell’s testimony

The benchmark VN-Index on Monday posted its worst one-day performance in four years, slipping more than five percent with nearly 600 shares taking a tumble. The VN-Index closed Monday 5.1 percent lower than the previous day at 1,048.71 points, losing 56.33 points, the worst plunge since 2014. The Vietnamese stock market thus saw nearly US$8 billion worth of capitalization vanish into thin air, with 571 different stocks closing in the red. The Ho Chi Minh Stock Exchange (HOSE) saw 269 shares decline. In addition, 184 shares on the northern exchange, HXN, slipped on Monday. The Unlisted Public Company Market (UPCoM) exchange saw 112 stocks skid. Experts attributed the market plunge to the fall of a number of blue chip stocks, some of which, including GAS, BVH, MSN and PLX, have also plunged. Blue chip stocks are those of well-known and highly respected publicly-traded companies, which are usually financially sound and are thought to be relatively low-risk investments. The impact of … [Read more...] about Vietnam stock suffers worst fall in four years

SBV to approve imports of gold for jewelriesThanh Thuong Gold price falls further By Thanh Thuong - The Saigon Times Daily HCMC – The State Bank of Vietnam (SBV) will give approval to enterprises to import material gold to serve production of jewelries and gold artworks, the central bank said in a report reviewing the gold market in the first half of this year. To meet the demand for jewelries of local people and reduce pressure on the gold bar market, the central bank is looking at gold import applications of jewelry firms to give them import licenses. SBV has told these enterprises to use imported material gold in the right purpose. Pursuant to Decree 24/2012/ND-CP, licenses for gold imports for jewelry and gold artwork production will be considered by the central bank after taking into consideration gold supply and demand from time to time. Dinh Nho Bang, vice chairman of the Vietnam Gold Business Association, said that the association has submitted proposals on material gold … [Read more...] about SBV to approve imports of gold for jewelries

In 2016, Sabeco had VND6 trillion in pre-tax profit, half of the profit made by Heineken, while Sabeco’s market share doubled. The state’s divestment of Sabeco has resulted in starting price of VND320,000 per share. The price is described as ‘unreasonably high’ considering the company’s business performance. “Sabeco shares (SAB) are now too expensive,” said Akiyoshi Koji, chair and CEO of Asahi Group, one of the potential SAB buyers. SAB price has increased by twofold compared with December 2016, when it entered the bourse. A report released by a securities company in September showed that Sabeco traded with a P/E of 35x, much higher than Asahi’s 16x, Carlsberg’s 21x and Heineken’s 20x. However, analysts still believe the divestment would succeed because Vietnam is one of the most best beer markets in the world. Meanwhile, Sabeco is the leading company with 40% of the market share in terms of consumption. … [Read more...] about Investors hunt for shares in beer companies